Growth investment fund Miton UK MicroCap progresses despite headwinds (LON:MINI)

Miton UK MicroCap Trust plc (LON:MINI) fund managers, Gervais Williams and Martin Turner, provide a portfolio update for November 2021.

Generally, most of the Trust’s portfolio holdings continued to report ongoing progress during November. There has also been an unusually large number of UK listed companies hoping to raise new capital ahead of the end of the year. Indeed, the aggregate scale of the current plc fundraisings is so large that market indigestion has depressed many small and micro-cap company share prices, as some investors sell existing holdings to raise capital to support these.

Alongside, inflation data during November rose more than expected and a new Covid variant led many governments to reimpose various civil restrictions. The US dollar was notably strong during the month, as the current financial stimulus may be scaled back more rapidly than previously anticipated.

Less financial stimulus, and the new civil restrictions led to some weakness in the share prices of global companies during the month. Many mainstream stocks in the UK have a very substantial part of their aggregate earnings in overseas operations however, so the US Dollar strength tended to offset the setback. The share prices of smaller companies were somewhat weaker with the FTSE AIM-All Share Index down 2.80% during November. In comparison, the NAV of the Miton UK MicroCap Trust fell 1.41% over the same period.

The longer term returns of the Miton UK MicroCap Trust remain strong with a NAV total return of 98.21% since issue, which compares with a 71.16% return for the FTSE AIM-All Share Index.

Click to view all articles for the EPIC:
Or click to view the full company profile:
Share on facebook
Facebook
Share on twitter
Twitter
Share on linkedin
LinkedIn

More articles like this

Miton UK MicroCap Trust favourable strategy in 2022

Miton UK MicroCap Trust plc (LON:MINI) fund managers, Gervais Williams and Martin Turner, provide a portfolio update for January 2022. In the absence of inflationary pressures (rising cost of living), central banks have had the flexibility to address any periods

Smaller companies trust, Miton UK MicroCap focus on cash generation

UK smaller companies investment trust, Miton UK MicroCap Trust plc (LON:MINI) fund managers, Gervais Williams and Martin Turner, provide a portfolio update in October. During October, as the cost of energy continued to rise, global growth slowed, particularly in China where

Miton UK MicroCap Trust NAV 51.33p to 104.83p during the period

Miton UK MicroCap Trust plc (LON:MINI) has presented the Annual Financial Report for the year ended 30 April 2021. The full Report and Accounts will be available via the Company’s website, www.mitonukmicrocaptrust.com, or by contacting the Company Secretary

Miton UK MicroCap top UK performer with returns over 35% (Interview)

Premier Miton Investors plc (LON:PMI) Head of Equities Gervais Williams joins DirectorsTalk to discuss the performance of the Miton UK MicroCap Trust plc (LON:MINI). Gervais explains whats driven this top market performance, what it is about UK small and micro-caps that

Miton UK MicroCap Trust NAV rises 21.6%

Miton UK MicroCap Trust plc (LON:MINI) has presented the Half Year Report of the Company for the half year ended 31 October 2020. The Miton UK MicroCap Trust plc is an investment trust quoted on the London Stock

Miton UK Microcap Trust plc Presentation

Miton UK MicroCap Trust plc (LON:MINI) Investor Presentation presented by Gervais Williams. Miton UK MicroCap Trust PLC is a closed-end Investment Trust incorporated in the United Kingdom. The investment objective is to provide Shareholders with capital growth, over the